Please Advise!!! - ASPS Option (Purchased before Spin-Off) Trading
I need your help. I have call options expiring Apr 2013. I purchased them in Oct 2012 and intends to hold until around the Q4 earning announcement. After the result of the spin-off, the options appear to be adjusted, reflecting RESI and AAMC shares and ticker was also changed to 'ASPS C Apr 2013 AJ1'. The exercise price has 95* to distinguish it from the after-spinoff pure ASPS option (which has 95 for its exercise price). But currently the options bid and ask price are all $0 and can not be normally transacted like other options. Anyone know why and when to start to be transacted normally, if applicable? Thank you for your input in advance!!!